Brazil's far-right president-elect eyes close U.S. ties

04/11/2018

According to one analyst, the recovery in Brazilian markets hasn't been as much because investors were high on Bolsonaro but more because they shuddered at the prospect of any other option.

"His reckless plans to industrialize the Amazon in concert with Brazilian and worldwide agribusiness and mining sectors will bring untold destruction to the planet's largest rainforest and the communities who call it home, and spell disaster for the global climate", stated Amazon Watch program director Christian Poirer shortly after Bolsonaro's victory. "It's these left-wing people, who always put themselves above the rest, who are fascists". Eighteen elected officials have written to the secretary of State Mike Pompeo to become alarmed by the nostalgia of Jair Bolsonaro for the military dictatorship of 1964-1985, and to call the administration to Trump to bind any cooperation to the respect of human rights. "Bolsonaro is more convincing to Brazilians than his opponent was on issues like anti-corruption, security and, most importantly, the economy".

Sebastian Munoz, senior programme officer for Latin America at the War on Want group, said Bolsonaro's verbal attacks on indigenous groups "is an attempt to vilify them and generate hate towards them to advance this idea of the need to generate economic growth". Paulo Guedes, an economist educated at the US University of Chicago, has advocated for tax and spending cuts that he believes will reverse the country's deficit.

For global investors looking to make up losses suffered in the ongoing selloff that has seen the Dow Jones Industrial Average and the S&P 500 Index slip into negative territory on the year, Brazil could be a tempting option. Interest rates are at an all-time low of 6.50 per cent.

Bolsonaro, a former army captain whose vitriolic, hardline rhetoric has deeply divided Brazil, had promised in the past that the combined ministry would "come from the productive sector", saying: "We won't have any more fights over this". "Bolsonaro just happened to be in the right place at the right time".

"That's where I think there's a bit of wishful thinking in the market", Caicedo said.

The Globo newspaper, in a separate article citing unnamed sources close to the judge, reported on Tuesday that Moro was weighing Bolsonaro's offer, feeling that he could reassure citizens concerned the president-elect will not govern democratically.

The president says it's just an ad about a "bad guy" who twice entered the country illegally and committed crimes. "They're dead. But Bracamontes was first deported during the Clinton administration and later slipped back into the USA during the George W.

The Health Professionals and Allied Employees (HPAE) said the shortages may have led to "poor infection control practices". Specifically, it was determined that the facility failed to provide a clean and home-like environment for their residents.

The SDF said Wednesday that it fired back in self-defense, and "as a result, a Turkish military vehicle was destroyed". Last week, IS jihadists staged a counterattack following a weeks-long SDF offensive in the countryside around Hajin.

Ten percent tariffs on US$200 billion in imports that took effect in September are due to increase to 25% on Jan 1. The telephone conversation on Thursday was Trump and Xi's first publicly disclosed call in six months.

Hamas will also act on limiting the participants in the marches at a distance of 500 meters far from the border. The Israeli military claimed that the boys were involved in planting an explosive device adjacent to the fence.

Kei Nishikori ended top seed Dominic Thiem's Erste Bank Open hopes and boosted his own chances of making the ATP Finals in London. Cape Town - Kevin Anderson has become the first South African player in 23 years to reach the year-end ATP Finals.

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